Biden blocked Nippon Steel's attempt to acquire US Steel, citing national security concerns. The deal, which would have created the world's third-largest steelmaker, faced opposition from President-elect Donald Trump, labor unions, and the Committee on Foreign Investment in the United States (CFIUS). Nippon Steel called Biden's decision 'unlawful' and is considering legal action. US Steel, meanwhile, pledged to fight the decision, claiming political corruption.
While lawyers believe a legal challenge would be difficult, the case is expected to shed light on CFIUS procedures. Other potential buyers, such as Cleveland-Cliffs, could emerge
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